Middle East Economic Survey


No 15


EIA Forecasts 2010 Demand Growth At 1.5Mn B/D, 1.6Mn B/D For 2011 As Economy Recovers

The Energy Information Administration (EIA) of the US Department of Energy left its assessment of demand growth for crude oil during 2010 largely unchanged from last month in its latest Short-Term Energy Outlook, released on 6 April. The agency said that world oil prices would likely continue to firm and increase in response to the global economic...